"I really don’t understand the problem here if people here don’t believe the story surely the simple answer is sell your stock and if you like this story do what I am doing! It's certainly not rocket science."
It is not a question of belief it is about understanding and it is actually quite a scientifically intriguing story with far more complexity than your average gold exploration project or average gold deposit. They have had to develop new assay techniques just to determine the grade of metals in the rocks and also new metallurgical schemes that involve both leaching and roasting to liberate the metals and which so far have not been fully detailed.
BBX believe they are dealing with
"a complex style of multi-element mineralisation where metals are present in an ionic form" which is also not fully understood.
Gold atoms like most other metals most commonly form metallic bonds where positively charged gold atoms are held together by a sea of free electrons in which none of electrons belong to any one atom, instead they all act in unison to hold the positively charged atoms together. This is basically the definition of a metal and why metals are conductive as the electrons are free to move under the influence of applied electric fields.
Ionic bonds on the other hand are where atoms are bound to one another because they have matching and opposite charges. The atoms share particular electrons and exist together in electrical neutrality. Gold's lack of affinity to forming ionic bonds is part of the reason it is valuable. You wouldn't want to secure your portfolio storing gold bars in your safe and come back years later to find its combined with oxygen and half your gold has corroded away.
The company has not explained very much about this iconic form of metal emplacement (in fact they have not given any model for how this mineralisation might have come about). There also seems to be a lack of explanation as to whether or not there is any gold in these deposits which is actually in metallic form. It would seem highly unusual to me that you could have a very rich large high grade polymetallic gold deposit without any metallic gold at all. One would think in a wet climate some of the gold would have precipitated out to form metallic gold at least in the weathering zones. The example that has been posted on this forum as a possible analogous deposit, Serra Pelada (Serra Leste), the world-class hydrothermal Au-Pd-Pt deposit located at the eastern border of the Amazon craton in northern Brazil, has any number of examples of metallic gold, in the form of coarse gold and nuggets that have been won from a well developed weathered zone above the deposit. You can take a look at some of the nice examples here.
https://www.mindat.org/loc-21632.html
I don't have a problem and I am not negative. I'm interested and I'm enquiring. Given your sizable holding in the company I'm surprised that you would simply rely on information coming to you from the company representatives. Some independent due diligence might be advisable in your case (ie hiring an independent geologist to review the information on your behalf). If the value of my remaining shares disappears I'm not going to lose any sleep, it might be the same for you for all I know. I would have thought you would appreciate people questioning and studying the information as it only benefits your own understanding if you intend to hold.
Eshmun
